Why I Utilized 1 Charge Card for WHATEVER! (1 Charge card vs. 3-4 Credit Cards)

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Should you utilize 1 charge card or numerous charge card? Well, it depends upon aspects like benefit, time, and your desire to handle numerous cards properly to make higher benefits. Discover what took place when I selected 1 card vs. numerous cards! Click “Program More” to see Advertisement Disclosure.

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If you’re just thinking about how to develop credit for the very first time, then 1-2 charge card in your very first year will work simply great. If you’re more interested in how lots of credit cards you need to get to optimize your benefits from costs, then the response is generally “as numerous as you require (or desire).” 😀 Of course, this likewise indicates that you have actually constructed clever monetary routines.

I just recently went on 2 journeys where I utilized just 1 charge card per journey.

I then compared my return on invest from utilizing that 1 card vs. utilizing numerous cards to see what my chance expense was.

Here were the findings!

JOURNEY # 1: DALLAS, TX

1-Card Setup|Purchases & Benefits
– Transit: $26196|786 points|Amex Permit, 3X
– Hotels: $66043|1,981 points|Amex Permit, 3X
– Dining: $9893|297 points|Amex Permit, 3X
– Other: $8.00|8 points|Amex Permit, 1X
Overall Spent: $1,02932
Overall Points: 3,072 points

The Worth
– 3,072 points=$6144 towards Travel (2.0 cents per point, avg.) utilizing transfer partners
– 3,072 points=$3840 towards Money Back (1.25 cents per point) by means of Schwab Platinum Card

3-Card Setup|Purchases & Benefits
– Transit: $26196|786 points|Amex Permit, 3X
– Hotels: $66043|1,981 points|Amex Permit, 3X
– Dining: $9893|396 points|Amex Gold Card, 4X
– Other: $8.00|16 points|Amex Blue Service Plus, 2X
Overall Spent: $1,02932
Overall Points: 3,179 points

The Worth
– 3,179 points=$6358 towards Travel (2.0 cents per point, avg.) utilizing transfer partners
– 3,072 points=$3974 towards Money Back (1.25 cents per point) through Schwab Platinum Card

The Chance Expense
– Travel: $6358 – $6144=(-$ 2.14)
– Money Back: $3974 – $3840=(-$ 1.34)

————

JOURNEY # 2: MYRTLE BEACH, SC

1-Card Setup|Purchases & Benefits
– Celebration: $22747|909 points|BBVA Select, 4X
– Transit: $5937|59 points|BBVA Select, 1X
– Dining: $31701|951 points|BBVA Select, 3X
– Other: $12107|121 points|BBVA Select, 1X
Overall Spent: $72492
Overall Points: 2,040 points

The Worth
– 2,040 points=$2040 towards Travel or Money Back (1.0 cents per point, avg.)

3-Card Setup|Purchases & Benefits
– Celebration: $22747|909 points|BBVA Select, 4X
– Transit: $5937|178 points|Amex Permit, 3X
– Dining: $31701|1,268 points|Amex Gold Card, 4X
– Other: $12107|242 points|Amex Blue Organization Plus, 2X
Overall Spent: $72492
Overall Points: 2,597 points

The Worth
– 2,597 points=$4285 towards Travel (1.0 cents per point through BBVA 2.0 cents per point avg. through Amex transfer partners)
– 2,597 points=$3019 towards Money Back (1.0 cents per points by means of BBVA 1.25 cents per point through Amex Schwab Platinum Card)

The Chance Expense
– Travel: $4285 – $2040=(-$2245)
– Money Back: $3019 – $2040=(-$ 9.79)

SUMMARY

JOURNEY # 1
– Loss (Money Back): $1.34
– Loss (Travel): $2.14

JOURNEY # 2
– Loss (Money Back): $9.79
– Loss (Travel): $2245

GAIN (Both Journeys)
– Benefit of utilizing 1 card
– No psychological mathematics headaches
– Ease of tracking costs
– Ease of splitting expenses with others

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